Polaris Capital Management LLC Takes $1.62 Million Position in Phillips Edison & Company, Inc. $PECO

Polaris Capital Management LLC acquired a new stake in Phillips Edison & Company, Inc. (NASDAQ:PECO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,200 shares of the company’s stock, valued at approximately $1,618,000.

A number of other institutional investors have also modified their holdings of PECO. Fifth Third Bancorp raised its position in shares of Phillips Edison & Company, Inc. by 78.1% in the first quarter. Fifth Third Bancorp now owns 732 shares of the company’s stock valued at $27,000 after buying an additional 321 shares during the last quarter. CX Institutional acquired a new position in shares of Phillips Edison & Company, Inc. in the first quarter valued at approximately $30,000. Quarry LP raised its position in shares of Phillips Edison & Company, Inc. by 21,362.5% in the first quarter. Quarry LP now owns 1,717 shares of the company’s stock valued at $63,000 after buying an additional 1,709 shares during the last quarter. FSC Wealth Advisors LLC acquired a new position in shares of Phillips Edison & Company, Inc. in the first quarter valued at approximately $91,000. Finally, Rossby Financial LCC acquired a new position in shares of Phillips Edison & Company, Inc. in the first quarter valued at approximately $105,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Stock Up 0.2%

PECO opened at $33.75 on Friday. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $40.12. The company has a 50 day moving average of $34.57 and a two-hundred day moving average of $35.02. The company has a market cap of $4.24 billion, a P/E ratio of 61.36, a P/E/G ratio of 1.15 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. Phillips Edison & Company, Inc. had a net margin of 9.91% and a return on equity of 2.64%. The company had revenue of $173.47 million during the quarter, compared to the consensus estimate of $174.38 million. During the same period in the previous year, the firm earned $0.59 earnings per share. Phillips Edison & Company, Inc.’s revenue for the quarter was up 10.1% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. Research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.1083 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, October 15th. Phillips Edison & Company, Inc.’s payout ratio is currently 236.36%.

Analyst Ratings Changes

PECO has been the subject of a number of analyst reports. Mizuho cut their price objective on shares of Phillips Edison & Company, Inc. from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. Wall Street Zen downgraded shares of Phillips Edison & Company, Inc. from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Barclays lowered their target price on shares of Phillips Edison & Company, Inc. from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Phillips Edison & Company, Inc. in a report on Saturday, September 27th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Phillips Edison & Company, Inc. in a report on Tuesday, September 9th. They issued a “buy” rating and a $40.00 target price for the company. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.83.

Phillips Edison & Company, Inc. Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.